Opening Bell: 09.01.09

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BofA Seeks To Repay A Portion Of Bailout (WSJ)
Not all of it, of course, but if they start with $20 billion, it would mean the bank "would no longer be considered an 'exceptional[ly retarded]' aid recipient -- a designation that has put it under a microscope by Congress and regulators, with its pay packages subject to review by the federal "pay czar."
You Can't Keep A Bad Man Down (NYP)
Noted hooker-fucker Eliot Ness is supposedly considering running for office next year, according to sources, though five other sources have shot it down.
AIG, Greeberg Agree To Arbitration (WSJ)
Everyone has promised to do his best to make nice, and even Hank has indicated he'll see if he can do something about not letting his dog Snowflake loose in the lobby to shit on the floor in days ending in 'y.'
Madoff Liquidator May 'Claw Back' Charities' Fake Profits (Bloomberg)
Awkward!
Goldman Sachs Wrong on Economic Recovery, Macro Hedge Funds Say (Bloomberg)
Paul Tudor Jones will bet you a bucket of chicken that Abby Joseph Cohen doesn't have a clue what she's talking about, as will Clarium Capital Management LLC and Horseman Capital Management Ltd. "If we have a recovery at all, it isn't sustainable," Kevin Harrington, managing director at Clarium, said in an interview at the firm's New York offices. "This is more likely a ski-jump recession, with short-term stimulus creating a bump that will ultimately lead to a more precipitous decline later."
SEC Head Warns Against Broker Bonuses (AP)
Mary Schapiro is hip to your game, don't think she's not.

Rogue Trader Ordered To Stand Trial
(Reuters)
Jerome Kerviel will come on down, though neither he nor his lawyer know what he's really being charged for.

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